German Import Prices rose by 0.1%

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Monday, Jan 29 2018

German Import Prices rose by 0.1%

The index of import prices rose by 3.8% on an annual average in 2017 compared with 2016 (2016: –3.1% compared with 2015), as reported by the Federal Statistical Office (Destatis). This was the highest price increase since 2011 (+6.4% compared with 2010). In December 2017 the index of import prices increased by 1.1% compared with the corresponding month of the preceding year. This was the lowest price increase since November 2016 (+0.3% compared with November 2015). In November and in October 2017 the annual rates of change were +2.7% and +2.6%, respectively. From November to December 2017 the index rose by 0.3%.

In 2017 the index of import prices, excluding crude oil and mineral oil products, was on an annual average 2.7% above the level of a year earlier. In December 2017 it increased by 0.4% compared to December 2016 and in comparison with November 2017 it slightly rose by 0.1%. The index of export prices increased by an average 1.8% in 2017 compared with 2016. This was the highest price increase since 2011 (+3.3% compared with 2010). In December 2017, it increased by 1.0% compared with the corresponding month of the preceding year. In November and in October 2017 the annual rates of change were +1.2% and +1.5%, respectively. From November to December 2017 the index rose by 0.1%.

More in this category: « EU denies Britain a say in bloc's affairs while on its way out ECB's Praet Urges Stimulus Persistence With Inflation Goal Unmet »

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